Cape Wind approved: The U.S. could have offshore wind this year

The nation's first offshore wind farm could start construction as early as this fall. The Cape Wind project got final approval for its operating plans today, after ten years of opposition and permitting headaches. Michael Bromwich, last seen terrifying Rachel Maddow on the subject of deepwater drilling, said that the wind farm "will accelerate interest in the renewable energy sector generally and the offshore wind sector specifically, and spur innovation and investment in our nation’s energy infrastructure.” (At least if he's wrong on this one, it'll probably be okay.)

Opponents — and some enviros — are pissed: "Opponents have filed nearly a dozen lawsuits saying the turbines could harm the pristine environment of Nantucket Sound." (AP)

Investors are unconvinced: "It’s unclear whether Cape Wind will send a strong enough message to investors that the United States is a good place to build offshore wind projects, largely because of the 10-year approval process. Other markets, such as the United Kingdom, have provided more sound investment decisions, wind lobbyists have told National Journal Daily." (National Journal)